Which of the following can tax cuts influence?

For direct price discrimination to work effectively

a. The low-valued customers should not be able to engage in arbitrage b. You need to charge the same price to the different groups c. Both groups should have the same elasticity of demand d. None of the above

In the circular-flow diagram, factors of production include land, labor, and capital

a. True b. False Indicate whether the statement is true or false